Tue, 1 July
29.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Armenian banks’ loans to individuals hike 22% in 2013

YEREVAN, February 21. /ARKA/. Armenian commercial banks’ loans to individuals rose by 22% to 601.5 billion drams in 2013, with share of these lending receivables at 33.6% in loan portfolio of banks in 2013.

Loans to clients and other lending amounted to about 1,787.9 billion drams, according to interim financial reports of the banks for Q4 2013.

An analysis by ARKA showed ACBA-CREDIT AGRICOLE BANK was leader in lending to individuals as of the end of 2013 with its share in overall volume at 16.8%. Loans to individuals accounted for 58.6% of the overall lending by the bank and amounted to about 101.3 billion drams.

Other leaders are Bank VTB (Armenia) – over 86.6bln drams, Unibank – 51.2bln drams, Ardshininvestbank – about 51bln drams and Conversebank – over 44bln drams. Share of loans to individuals in overall lending by these banks was 37%, 44.6%, 29.8% and 52.9% respectively.

There were 21 commercial banks operating in Armenia as of the end of December 2013. ($1=412.44drams). –0—

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img